Due to recent Reserve Bank LVR restrictions coupled with tightened credit criteria from banks in response to the CCCFA regulations, we’re seeing more loans that would have previously been gobbled up by a bank, heading towards non-bank lenders like Squirrel.
When I’m chatting with new investors, I always make a point of talking through the secondary market. At a high level, it performs incredibly well for investors who are looking to cash out some or all of their investments.
At Squirrel, we're known as one of the largest mortgage brokers in New Zealand. But what you might not know is that we are also a lender, which means we can make a portion of those loans available as investments for retail investors. This gives investors better opportunities for their cash funds.
Earlier this year we launched our P2P Home Loans and Business Property Loans that give investors access to residential first mortgage investments with returns of up to 5% p.a. As interest rates have fallen, investors are looking for better returns.
One of the common things we’ve heard from our Investors is that they want to keep their money working as hard as possible at all times. One of the features we offer that helps with this is Recurring Investment Orders which is like a 'set and forget' auto-investing function.
If you’re looking for competitive returns on your money, reliable monthly repayments, flexible terms, and excellent credit risk management systems, peer-to-peer investing with Squirrel could be for you.
One of the things that makes our peer-to-peer lending platform unique is our use of reserve funds for credit risk management. Reserve funds exist to protect investors from future expected credit losses.